Jacqueline Novogratz (born 1961) is an American entrepreneur and author. She is the founder and CEO of Acumen, a nonprofit global venture capital fund whose goal is to use entrepreneurial approaches to address global poverty.[1]

Early life

Novogratz was born in 1961[2] in the US, the eldest of seven children.[3] Her father was a career officer and major in the U.S. Army, and her mother, Barbara, ran an antiques business.[4]

She attended Fort Hunt High School in Alexandria, Virginia, and earned a bachelor's degree from the University of Virginia, where she studied economics and international relations.[3] She earned an MBA from the Stanford Graduate School of Business.[3]

Career

Novogratz started her career at Chase Manhattan Bank in 1983,[3] as an international credit analyst. After three years, she left banking to explore how to make a difference in the world.

She worked throughout Africa as a consultant for the World Bank and for UNICEF. As a UNICEF consultant in Rwanda in the late 1980s, she helped found Duterimbere, a microfinance institution.

Novogratz founded and directed The Philanthropy Workshop and The Next Generation Leadership programs at the Rockefeller Foundation before founding Acumen in 2001.[5] Acumen invests patient capital in businesses that provide critical goods and services to people living in poverty. It estimates that it has impacted 648 million people through its investments.[6] Novogratz oversaw the development of Acumen's Fellowship program, which develops leaders for the social sector.[7]

Novogratz serves on the Harvard Business School Social Enterprise Initiative,[8] and UNICEF. She also serves on the Aspen Institute board of trustees, the Pakistan Business Council Centre of Excellence in Responsible Business (CERB)], is a member of the Council on Foreign Relations,[9] and the American Academy of Arts & Sciences.[10] Hillary Clinton, as Secretary of State, appointed Novogratz to the State Department's Foreign Affairs Policy Board.[11]

The Blue Sweater

In 2009, Novogratz published The Blue Sweater: Bridging the Gap Between Rich and Poor in an Interconnected World.[12] The book is a firsthand account of her journey from international banker to social entrepreneur and founder of Acumen.[13]

The title of her book, The Blue Sweater, refers to an encounter she had in Kigali, Rwanda. Novogratz spotted a boy wearing a blue sweater. She recognized it as a sweater she had owned and given to Goodwill a decade earlier; it was hers, with her name on the tag. The encounter was an epiphany for Novogratz; her sense of the interconnectedness of our world has continued to influence her current work.[7]

Personal life

Novogratz is married to Chris Anderson, the owner of TED Talks.[14][15]

Her brothers include Michael Novogratz and Robert Novogratz.

Awards

Honorary degrees

Works

  • The blue sweater : bridging the gap between rich and poor in an interconnected world, New York Rodale 2010. ISBN 9781586489564
  • Manifesto for a moral revolution : Practices to Build a Better World, New York: Henry Holt and Company, 2020. ISBN 9781250222879

References

  1. ^ "The 25 Most Successful Stanford Business School Graduates". Business Insider. Retrieved 2018-04-30.
  2. ^ "The WATCH File: Writers, Artists and Their Copyright Holders". norman.hrc.utexas.edu. Retrieved 17 January 2019.
  3. ^ a b c d "A Banker for the World: Jacqueline Novogratz of Acumen Fund". The New York Times. 22 August 2009. Retrieved 9 August 2018.
  4. ^ Coster, Helen. "Can Venture Capital Save The World?". forbes.com. Retrieved 9 August 2018.
  5. ^ "Jacqueline Novogratz, Founder and CEO of Acumen". acumen.org. Retrieved 17 January 2019.
  6. ^ "Acumen - Approach -". acumen.org. Retrieved 26 November 2024.
  7. ^ a b "From Accidental Banker to 'Patient Capital' Leader: Distinguished Alumna Describes Creating New Kind of Capitalism". UVA Today. 2013-04-26. Retrieved 2018-04-30.
  8. ^ "Advisory Board - Social Enterprise - Harvard Business School". Harvard Business School. Retrieved 15 October 2018.
  9. ^ "Jacqueline Novogratz". The Aspen Institute. Retrieved 17 January 2019.
  10. ^ "Newly Elected Fellows". members.amacad.org. Archived from the original on 19 January 2019. Retrieved 17 January 2019.
  11. ^ Rogin, Josh (5 December 2011). "Clinton starts "Foreign Affairs Policy Board"". foreignpolicy.com. Retrieved 17 January 2019.
  12. ^ "The Blue Sweater by Jacqueline Novogratz - PenguinRandomHouse.com: Books". PenguinRandomhouse.com. Retrieved 17 January 2019.
  13. ^ Spencer, Allan (19 October 2023). "The Author of The Blue Sweater on Our Interconnected World and Combatting Poverty Worldwide". Penguin Random House Common Reads. Retrieved 14 January 2025.
  14. ^ Brown, Mick (29 April 2016). "'I was losing $1 million a day, every day for 18 months': Meet Chris Anderson, the man behind TED talks". The Telegraph. Retrieved 9 August 2018 – via www.telegraph.co.uk.
  15. ^ Fontana, Francesca (2020-12-19). "The Venture Capitalist Harnessing a New Brand of Capitalism to Combat Poverty". Wall Street Journal. ISSN 0099-9660. Retrieved 2021-01-15.
  16. ^ "100 Greatest Living Business Minds". Forbes. Archived from the original on September 20, 2017. Retrieved 17 January 2019.
  17. ^ Communications, Forbes Corporate. "Forbes Hosts Fifth Annual Forbes 400 Summit On Philanthropy". Forbes. Retrieved 17 January 2019.
  18. ^ "Archived copy" (PDF). Archived from the original (PDF) on 2019-01-17. Retrieved 2019-01-17.{{cite web}}: CS1 maint: archived copy as title (link)
  19. ^ "2014 Asia Game Changer Awards". Asia Society. 25 July 2017. Retrieved 17 January 2019.
  20. ^ "Most Influential 50 Are the Bankers, Investors Who Move Markets - Bloomberg". Bloomberg News. Archived from the original on 2014-11-01. Retrieved 2014-10-31.
  21. ^ "Famous Stanford Business School Students". Business Insider. 2014-09-09. Retrieved 2016-09-04.
  22. ^ Bromley, Anne (26 April 2013). "From Accidental Banker to 'Patent Capital Leader'". UVa Today. University of Virginia. Retrieved 7 May 2013.
  23. ^ a b "Vision Award | Center for Social Entrepreneurship". Mcse.middlebury.edu. 2015-12-18. Retrieved 2016-09-04.
  24. ^ a b "Vision Award". Social Entrepreneurship Programs. 2013-04-11. Retrieved 2018-04-30.
  25. ^ Dame, Marketing Communications: Web // University of Notre (14 October 2013). "Jacqueline Novogratz to receive Notre Dame Award for pioneering work in international human development". Notre Dame News. Retrieved 17 January 2019.
  26. ^ "Honoring Women of Concern". ABC News. February 18, 2012. Retrieved 17 January 2019.
  27. ^ "Rensselaer Entrepreneur of the Year | Lally: Business and Management at Rensselaer".
  28. ^ "Wofford College - Sandor Teszler Award". www.wofford.edu. Retrieved 17 January 2019.
  29. ^ Frankel, Rebecca (25 November 2009). "The FP Top 100 Global Thinkers". foreignpolicy.com. Retrieved 17 January 2019.
  30. ^ "The 25 Smartest People of the Decade". The Daily Beast.
  31. ^ Zendrian, Alexandra. "Next Week's Guest: Jacqueline Novogratz". Forbes. Retrieved 17 January 2019.
  32. ^ Zendrian, Alexandra. "Briefing Book: Jacqueline Novogratz". Forbes. Archived from the original on January 29, 2021. Retrieved 17 January 2019.
  33. ^ "It's the Destination (SSIR)". ssir.org. Retrieved 17 January 2019.
  34. ^ "User Profile". AGLN - Aspen Global Leadership Network. Retrieved 17 January 2019.
  35. ^ "New England College". New England College. 10 April 2017. Retrieved 17 January 2019.
  36. ^ "Jacqueline Novogratz - Honorary Degree Ceremony - Office of the President". utoronto.ca. 17 June 2015. Retrieved 17 January 2019.
  37. ^ "Bard College Catalogue". www.bard.edu. Retrieved 17 January 2019.
  38. ^ "Eight Notables to Receive Honorary Degrees From Fordham". Fordham Newsroom. 19 May 2012. Retrieved 17 January 2019.
  39. ^ University of Notre Dame. "Honorary Degree". Archived from the original on 13 August 2011. Retrieved 20 June 2011.
  40. ^ "Wofford College - Novogratz to receive Teszler Award March 2". www.wofford.edu. Retrieved 17 January 2019.
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